Agora (API) Gross Margin (2019 - 2025)
Agora (API) reported Gross Margin of 65.07% for Q4 2025, down 154.0% on a YoY basis from 120.5% in Q4 2024, and down 1.34% sequentially from 65.96% in Q3 2025.
Agora (API) Gross Margin (2019 - 2025) Analysis & Trends
Agora (API) has 7 years of Gross Margin data on file, last reported at 65.07% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 154.0% year-over-year to 65.07%; the trailing twelve-month figure through Dec 2025 stood at 66.4% (up 228.0% YoY), and the FY2025 full-year result was 66.4%, up 228.0% from the prior year.
- Gross Margin fell to 65.07% in Q4 2025, from 65.96% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 68.03% in Q1 2025 to a low of 58.1% in Q1 2021.
- A 5-year average of 63.51% and a median of 63.12% in 2021 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 1073 bps in 2021 and soared 679 bps in 2025, its largest moves.
- Tracing API's Gross Margin over 5 years: stood at 62.96% in 2021, then slipped by 3 bps to 60.8% in 2022, then increased by 3 bps to 62.9% in 2023, then grew by 6 bps to 66.61% in 2024, then decreased by 2 bps to 65.07% in 2025.
- Business Quant data shows API's Gross Margin at 65.07% in Q4 2025, 65.96% in Q3 2025, and 66.76% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 199.59 Bn | 179.36 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 193.24 Bn | 190.53 Bn | - | - |
| 3 | Shopify | 164.78 Bn | 159.04 Bn | 1.55 Bn | 48.77% |
| 4 | Salesforce | 150.52 Bn | 138.68 Bn | 8.56 Bn | 76.92% |
| 5 | Uber Technologies | 139.79 Bn | 138.58 Bn | 5.95 Bn | 45.03% |
| 6 | ServiceNow | 109.10 Bn | 104.44 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 102.68 Bn | 99.45 Bn | 2.87 Bn | 48.28% |
| 8 | Adobe | 95.80 Bn | 90.17 Bn | 5.90 Bn | 89.20% |
| 9 | Snowflake | 93.75 Bn | 90.79 Bn | 926.45 Mn | 66.61% |
| 10 | Agora | 1.47 Bn | 1.39 Bn | 24.83 Mn | 65.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 65.07% |
| Sep 30, 2025 | 65.96% |
| Jun 30, 2025 | 66.76% |
| Mar 31, 2025 | 68.03% |
| Dec 31, 2024 | 66.61% |
| Sep 30, 2024 | 66.67% |
| Jun 30, 2024 | 62.05% |
| Mar 31, 2024 | 61.25% |
| Dec 31, 2023 | 62.90% |
| Sep 30, 2023 | 64.03% |
| Jun 30, 2023 | 63.27% |
| Mar 31, 2023 | 62.69% |
| Dec 31, 2022 | 60.80% |
| Sep 30, 2022 | 59.41% |
| Jun 30, 2022 | 64.93% |
| Mar 31, 2022 | 62.39% |
| Dec 31, 2021 | 62.96% |
| Sep 30, 2021 | 65.16% |
| Jun 30, 2021 | 61.08% |
| Mar 31, 2021 | 58.10% |